HHLA defies corona lockdowns and war in Ukraine

HHLA’s operating result skyrocketed last year. And the Hamburg port group is also aiming for a decent value in the current year – despite the Ukraine war and corona lockdowns in China.

The recovery of the global economy is being slowed down noticeably by the Russian war in Ukraine and the numerous corona lockdowns in China. However, the Hamburg port group HHLA is unimpressed by this – and confirms its outlook for the operating result (EBIT).

“In terms of EBIT, we are confident that we will end up in a range between EUR 175 million and EUR 210 million,” said HHLA boss Angela Titzrath. The corona lockdowns and supply chain problems are not expected to have any major impact. In the previous year, the operating result was 228 million euros. It increases by 85 percent.

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HHLA is also sticking to its growth forecast: the company expects annual sales to increase moderately. The same applies to container handling and container transport in the hinterland.

Shipping stocks under pressure

Although companies such as HHLA are doing well in the current difficult environment, the shares are coming under pressure. The HHLA share has lost around 10 percent in the past 4 weeks and the shipping company Maersk it was almost 15 percent. The stock has been in a downward trend since the beginning of the year. The Maersk share has also recently fallen to a new low for the year of 16,000 crowns. The 200-day moving average (red) has been broken and the MACD (Momentum) is also pointing down, supporting the downturn.

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